CALIFORNIA REAL ESTATE Study guides, Class notes & Summaries

California Real Estate Exam Multiple Choice Questions and answers( 100% verified answers)latest update 2023

California Real Estate Exam: Questions & Answers Latest Update 2023/2024 100% Verified. Reed vs. King Case (Ans- Must disclose death (and manner of death) on a property if occurs within 3 years, except AIDS Jones vs. Mayer Supreme Court Decision (1968) (Ans- Racial discrimination not allowed (whether selling or buying) in all PRIVATE property transactions (based on Civil Rights Act of 1968) Easton vs Strassburgar (Ans- Seller disclosures to third parties AND agent visual inspection of all...

who is responsible for disclosing a Mello-roos tax to the buyer? - Answer-Seller Whenever there is a real estate sales transaction, it must be reported to the Internal Revenue Service by the: - Answer-Escrow which of the following would create a dual agency situation: - Answer-two agents working under a broker representing the buyer and seller in the same transaction under California law, the real estate commissioner has authority to do which of the following: - Answer-impose fines, rev...

In reference to Property Taxes, "basis" or "cost" is - Purchase price of prop plus cost of improvements. How is a condominium unit owned? - Separate interest How are common interests in a condo owned? - Equally in undivided interest Subdivided Land Laws refer to - Subdivisions of 5+ parcels on 160 acres, regulated marketing & financing, and requires disclosures in public report. How long is a disclosure in public report for Subdivided Land Laws good for? - 5 Years When does a tax year...

An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. - d. all of the above. These are elements of value. Which of the following abbreviations is associated with the FHA? a. NAR b. CPM c. MIP/MMI d. MBA - c. MIP/MMI MIP - Mortgage Insurance Premium/Mu...

California Real Estate Practice - Questions and Answers | 100% Correct Answers | Verified | Latest 2024 Version (1) 1. The real estate marketplace could BEST be described as being A. homogeneous B. stratified C. perfect D. uninfluenced by emotion - B. stratified (based on price) (1) 2. Most real estate agents are primarily engaged in which area of activity A. residential property B. raw land and lots C. commercial property D. development - A. residential property (1) 3. ...

California Real Estate Exam Multiple Choice Questions | 100% Correct Answers | Verified | Latest 2024 Version An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. - d. all of the above. These are elements of value. Which of the following abbr...

California Real Estate Exam | 100% Correct Answers | Verified | Latest 2024 Version In reference to Property Taxes, "basis" or "cost" is - Purchase price of prop plus cost of improvements. How is a condominium unit owned? - Separate interest How are common interests in a condo owned? - Equally in undivided interest Subdivided Land Laws refer to - Subdivisions of 5+ parcels on 160 acres, regulated marketing & financing, and requires disclosures in public report. How long is a ...

Which of the following circumstances would concern you about working for Broker John? A.John offers weekly training seminars. B.There are several successful agents at John's office. C.John's office has a selection of books, CDs and tapes for agent use. D.John expects his agents to spend 5 hours a week on unsupervised telephone duty. - Answer-D. Chapter 1: Intro to Real Estate Broker Alice has hired several independent contractors in her firm. Which of the these activities does she ha...

CALIFORNIA REAL ESTATE LICENCE FINAL EXAM AND 2 PRACTICE TEST EXAM | EACH CONTAINS 150 ACCURATE QUESTIONS AND ANSWERS WITH RATIONALES | VERIFIED FOR GUARANTEED PASS | GRADED A | LATEST UPDATE | 2024

2024/2025 CALIFORNIA REAL ESTATE EXAM ACTUAL EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS WITH RATIONALES & CALCULATIONS /A+ GRADE

California Real Estate Exam Multiple Choice questions and answers( 100% verified answers)latest 2024 update